Financial Summary for the Third Quarter of the Fiscal Year Ending March 2026 [IFRS] (Consolidated)

Overview of Business Results

In the cumulative third quarter period of the fiscal year ending March 2026 (April 1, 2025 to December 31, 2025), revenue was JPY 1,513.7 billion (9.2% YoY increase), and operating expenses were JPY 1,358.9 billion (8.4% YoY increase). Ordinary income before financial and corporate income taxes (EBIT) reached JPY 179.1 billion (24.2% YoY increase), and net income attributable to owners of parent for the quarter was JPY 113.7 billion (24.9% YoY increase), representing substantial year-on-year revenue and profit growth. Increases in international and domestic passenger numbers as well as cargo revenue boosted performance. While the LCC business saw a 12.0% YoY increase in revenue, EBIT declined by 10.5%. The Mileage / Financial & Commerce business also reported increases in both revenue and profit compared to the previous year.

Financial Position and Outlook

Total assets increased by JPY 243.9 billion from the end of the previous period to JPY 3,088.8 billion, liabilities decreased by JPY 6.9 billion to JPY 1,771.3 billion, and equity increased by JPY 250.8 billion to JPY 1,267.5 billion. Liquidity on hand includes cash and cash equivalents of JPY 900.2 billion plus an unused commitment line of JPY 150 billion. There are no changes to the full-year consolidated earnings forecast or dividend payout forecast. Under a stable financial foundation, the company is promoting business structural reforms aimed at achieving the mid-term management plan's EBIT target of JPY 200 billion.